Macroeconomics › Section S · Macroeconomic policy around the world › Topic S.2
Policies to improve living standards
Governments cannot order an economy to grow, but their choices shape whether people save, invest, learn and innovate. This topic looks at the growth policies that suit rich, middle-income and poor countries, at the success stories of South Korea and China, and at the long argument over foreign aid.
In this topic
- Growth is the route
- High-income economies: pushing the frontier
- South Korea's growth story
- China's growth story
- Worked example: China's growth since 1978
- What the success stories share
- Low-income economies: escaping the trap
- Worked example: a faster port
- Does foreign aid work?
- Common mistakes to avoid
- Key takeaways
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